Transcription of Bridgewater - Economic Principles
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2017 Bridgewater Associates, LP. By receiving or reviewing this Bridgewater Daily Observations , you agree that this material is confidential intellectual property of Bridgewater Associates, LP and that you will not directly or indirectly copy, modify, recast, publish or redistribute this material and the information therein, in whole or in part, or otherwise make any commercial use of this material without Bridgewater s prior written consent. All rights reserved. 1 Bridgewater Daily Observations 10/23/2017 Bridgewater Daily Observations October 23, 2017 2017 Bridgewater Associates, LP(203) 226-3030 Ray DalioSteven Kryger Brandon Rowley Neil Hannan Our Biggest Economic , Social, and Political Issue The Two Economies: The Top 40% and the Bottom 60% To understand what s going on in the economy, it is a serious mistake to look at average statistics. This is because the wealth and income skews are so great that average statistics no longer reflect the conditions of the average man.
• The US is just about the only major industrialized country with flat/slightly rising death rates. Annual Premature Deaths (per 100,000, 35-64 Year Olds) • The top 40% spend four times more on education than the bottom 60%. This creates a self-perpetuating problem, because those at the bottom get a much worse education than those at the top.
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